Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1616 - $10K OF STRATA LEVIES JUST TOOK $200K OF YOUR SALE PRICE
💡 Commercial property owners — pay attention to your strata.It might seem like something you can ignore, but those outgoings have a direct impact on your property’s value.Small increases add up fast.Every extra $1 per year in expenses can reduce value by around $20.So if strata costs rise by $10,000, your property value could drop by $200,000 — without you doing anything.That’s why it pays to:✔️ Stay involved in strata decisions✔️ Keep an eye on building costs✔️ Question unnecessary spendingIt’s not about being tight — it’s about protecting the value of your asset.📊 Smart owners track the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.